Okay so let's put together my last 2 posts in an example with my @MyFundedFX challenge.
300K
8% phase 1
5% phase 2
8% Max DD
5% Daily DD
0 time limit but let's use 30 days (20 trading days)
[Thread]
#tradingpsychology
#TRADINGTIPS
#tradingstrategy
300K
8% phase 1
5% phase 2
8% Max DD
5% Daily DD
0 time limit but let's use 30 days (20 trading days)
[Thread]
#tradingpsychology
#TRADINGTIPS
#tradingstrategy
Targets;
Phase 1 - 8%
4 weeks = 2% a week
5 days a week = 0.4% a day
Phase 2 - 5%
4 weeks = 1.25% a week
5 days a week = 0.25% a day
Phase 1 - 8%
4 weeks = 2% a week
5 days a week = 0.4% a day
Phase 2 - 5%
4 weeks = 1.25% a week
5 days a week = 0.25% a day
Loss parameters;
0.5%
10 looses in a row in a day to hit daily DD
16 losses in a row to hit max DD
0.25%
20 looses in a row in a day to hit daily DD
32 looses in a row to hit max DD
0.5%
10 looses in a row in a day to hit daily DD
16 losses in a row to hit max DD
0.25%
20 looses in a row in a day to hit daily DD
32 looses in a row to hit max DD
Risk:Reward example
1:3 RR
0.5%
1 loss = 0.5%
1 win = 1.5%
0.25%
1 loss = 0.25
1 win = 0.75
Does this look impossible to hit the target breakdowns? 2% a week or 0.4% a day
Obviously I understand everyone R:R is different π
1:3 RR
0.5%
1 loss = 0.5%
1 win = 1.5%
0.25%
1 loss = 0.25
1 win = 0.75
Does this look impossible to hit the target breakdowns? 2% a week or 0.4% a day
Obviously I understand everyone R:R is different π
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